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In the Bulletin
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April 2003 Issue

Discovering the finer things in life
The growing influence of international
culture and the emergence of a brand-savvy upper class in China offers more opportunities
for luxury brands in the Mainland, but it is no easy sale
They say trends come and go, but that
luxury never goes out of fashion. That may be true, but it hasn't stopped prestigious
brand names from feeling the pinch during these challenging times. More >>
(Almost) The Budget We Had to Have
The Financial
Secretary gets high marks for honesty, but might want to revisit a few priorities
The Financial
Secretary's Budget for 2003-04 was notable in that it revealed the largest operating
deficit in Hong Kong's history, at HK$66.25 billion, and for anticipating another huge
shortfall in the fiscal year to end March 2004, at HK$61.12 billion. More >>
Hong
Kong's economy anything but typical
The up-tick in real growth last year owes too much to falling
prices
Back in the dark recesses of history,
before war, pneumonia and face masks, Hong Kong's economy was beginning to show signs of
life, growing faster each quarter for 15 months running. The improvements were in both
nominal and real terms, and -- before "atypical economics" emerged -- pointing
to an end to deflation. Sadly, that is looking less and less likely this year. More >>
Mission to Beijing
Mainland officials tell the recent Chamber delegation to
Beijing that HKSAR businesses have an important role to play in driving China's economy
forward
With China
expected to continue its annual 8 percent economic growth rate through its second year of
WTO entry, the Mainland economy offers one of the few beacons of hope in an otherwise
bleak global outlook.
More >>
Recruiting online
Members can now advertise job openings in their companies
through the latest offering on the Chamber's Web site, 'Job Vacancies & HR Corner
In response to
strong demand by employers and job seekers using the Chamber's "One Company One Job
Campaign" job bulletin board last year, the Chamber's IT team has expanded its Web
page to create a new interactive job-posting database. More >>
Tourists in 'Paradise'
Goldjoy Travel believes there is more money to be made from
treating tourists fairly than there is from running scams
Goldjoy Shopping Paradise will open its
doors in this summer to all tourists looking for a place to relax, shop and dine in the
knowledge that they are getting the best value for money anywhere in Hong Kong -- all
under one roof. More >>
Workplace English
Students learn valuable lessons
It isn't every day that you get the chance
to nose around Sony's development labs, wander through CSX World Terminals, or chat the
afternoon away with the Consul General of Thailand -- not unless you are one of the high
school students lucky enough to participate in the Business School Partnership Programme. More >>
MORE STORIES
Mainland enterprises 'Going Out'
With the world focused on the rivers of investment
flowing into China, Mainland enterprises are quietly expanding their presence abroad
China became the top destination for
foreign direct investment last year, surpassing the United States for the first time with
over US$100 billion in FDI. While the world focuses on the rivers of investment flowing
into China, Mainland enterprises are quietly expanding their presence abroad, supported by
China's mountain of foreign exchange reserves, which stood at US$300 billion at last
count. More >> |
Is Vietnam on a new path to growth?
Government efforts to join the WTO could
boost investors' interest in the country
Hanoi today is a city of excitement and
promise. Glistening new office towers dwarf the old colonial buildings left by the French.
Tourists haggle for bargains with roadside entrepreneurs. Mopeds swarm up and down its
bustling streets. More >>
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